Solana spot ETFs recorded $5.37 million in internet inflows on November 28, breaking a 21-day shedding streak.
Abstract
- Solana ETFs noticed $5.37M inflows after 21 days of outflows, led by Grayscale and Constancy.
- SOL worth stayed under $140 regardless of ETF restoration, persevering with its 30-day decline.
- Cumulative SOL ETF inflows hit $618.59M.
The restoration comes as Solana’s (SOL) worth fell under $140, dropping to $137 amid broader market weak spot.
Grayscale’s GSOL led the inflows with $4.33 million, whereas Constancy’s FSOL attracted $2.42 million.
21Shares’ TSOL noticed $1.38 million in outflows, partially offsetting the features. Bitwise’s BSOL, VanEck’s VSOL, and Canary’s SOLC posted zero movement exercise.
ETF restoration fails to elevate Solana above $140
Solana worth has dropped 2% over the previous 24 hours and 30% over the previous 30 days. The token traded as excessive as $143 within the final 24 hours earlier than falling to its present degree. SOL has gained 8% over the previous seven days.
The November 28 inflows ended three weeks of constant ETF outflows. November 26 posted the latest withdrawal at $8.10 million.
Previous to that, SOL ETFs attracted $53.08 million on November 25 and $57.99 million on November 24.
Cumulative whole internet influx throughout all Solana ETFs reached $618.59 million as of November 28.
Whole internet belongings underneath administration stood at $888.25 million. Whole worth traded hit $30.01 million on November 28.
Grayscale and Constancy dominate November flows
Grayscale’s GSOL has gathered $77.83 million in cumulative internet inflows. Bitwise’s BSOL leads all Solana ETFs with $527.79 million in whole inflows. Constancy’s FSOL holds $32.30 million in cumulative belongings.
21Shares’ TSOL has seen internet outflows of $27.60 million since launch. VanEck’s VSOL and Canary’s SOLC keep smaller asset bases.
The disconnect between ETF inflows and worth motion suggests institutional accumulation at decrease ranges.
Whereas SOL ETFs attracted capital on November 28, the token continued its 30-day decline. SOL did not reclaim $140 following the influx restoration.
